Rishad Premji-managed Wipro Ventures, the $100 million venture arm of Wipro, India's third largest IT firm, has invested an undisclosed sum in Israel-based TLV Partners.

Based in Tel Aviv, TLV Partners, founded last year, has a corpus of $ 115 million and has invested in three startups so far, including Aqua, a virtual container security and Oribi, a Facebook ads analytics company. The firm specialises in linking Israel based startups with those of Silicon Valley, a key attribute that helps startups connect with the markets and potentially get acquired by large firms in the Valley.

Aban Offshore Limited (Aban Offshore's) subsidiary has bagged order worth Rs 592 crore.

Aban today informed National Exchange that it has received a Firm Letter of Award from ONGC for the deployment of the Drillship Aban Abraham for a firm period of two years.

In 2015, Indian Internet and e-commerce companies received funding worth $5.8 billion from private investors, according to research firm Venture Intelligence. In the same period, Amazon.com Inc. reported operating cash flow of $11.9 billion. Free cash flow (FCF), after deducting capital expenditure, stood at $7.3 billion.

The BCCI is set to introduce a new Twenty20 event, to be branded as mini IPL, outside India in September.

“In the month of September, the BCCI is willing to host a mini IPL or IPL overseas with all the eight teams participating,” BCCI president Anurag Thakur said at the conclusion of the Board’s Working Committee meeting here.

Mumbai: After crashing over 1,090 points in early trade on free-fall in global equities following Britain’s decision to leave the European Union, the S&P BSE Sensex recovered slightly to close 2.24%, or 604.51 points, lower at 26,397.71, on value-buying in key bluechip stocks.

Besides, the Reserve Bank of India’s (RBI’s) intervention to infuse liquidity into the system, and dollar selling helped the rupee and Sensex to recover from their intraday lows.

Finance Minister Arun Jaitley on Friday sought to calm the markets which went into tailspin following UK's eminent exit from the European Union, saying that government and RBI are well prepared to deal with any short-term volatility in the forex markets.

The government he said is strongly committed to macroeconomic framework with rock solid commitment to fiscal discipline. He said the government will steadfastly pursue reforms in the medium term, including introduction of GST that will help the country realise its medium-term growth potential of 8-9%.

New Delhi, June 23: A consortium of state-owned oil companies led by ONGC Videsh is keen on a stake in Russia's biggest oil company Rosneft.

The consortium can face stiff competition from several global players who are vying for the 19.5 per cent stake on sale.

The European Central Bank said Friday it is ready to provide additional liquidity for financial markets if needed in the meltdown sparked by Britain's decision to quit European Union.

"Following the outcome of the UK referendum, the European Central Bank is closely monitoring financial markets and is in close contact with other central banks," it said in a statement.

IT industry body Nasscom on Friday said Britain's exit from the European Union or Brexit will lead to a phase of uncertainty in the near term but there will be a mix of challenges and opportunities in the longer term.

Nasscom said likely decline in the value of the British Pound, which could render many existing contracts losing propositions, unless they are renegotiated whereas the uncertainty surrounding protracted negotiations on the terms of exit or future engagement with EU could impact decision making for large projects.

Shares of Tata Motors, India’s biggest automobile manufacturer, crashed more than 11% in morning trade as news of UK’s exit from the European Union spooked markets.

Jaguar Land Rover, Britain’s biggest car maker, which generates more than 90% of profits for the Mumbai-based company, could risk a Pound 1 billion drop in profits by end of this decade, if the UK leaves the EU, as per an internal assessment prepared by JLR.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.